Subzero Natural Gas Prices Show Need for Energy Permit Reform, Shale CEO Says

Subzero Natural Gas Prices Show Need for Energy Permit Reform, Shale CEO Says A record string of negative natural gas prices in the biggest US shale field shows that the US needs to streamline permitting for pipelines and other energy infrastructure, according to the boss of oil and gas producer Ovintiv Inc. Drillers in Permian Basin of West Texas and New Mexico have been extracting so much gas that it’s sometimes exceeding available pipeline capacity to get the fuel to customers or export terminals on the Gulf Coast. For more than four months, sellers literally had to pay customers to take the gas away, even as the Iran war strangled fuel supplies around the world.